HOUSTON--(BUSINESS WIRE)--PROS® (NYSE: PRO), a market-leading provider of SaaS solutions optimizing shopping and selling experiences, today announced an industry-first alliance with TAC Index, giving PROS customers a competitive edge with greater, more accurate and timely visibility into market air cargo rates to help them further optimize prices and maintain profit margins during periods of extreme global market volatility.
For many businesses, the cost of freight and air cargo can significantly impact profit margins, and rates are expected to continue to be volatile as supply chain issues persist and global economies recover1. Timely and accurate insight into these costs allows companies to quickly and more frequently execute pricing adjustments across all channels, positioning them ahead of competitors and enabling them to drive revenue profitability.
“Accurate data regarding air cargo freight costs is invaluable to shippers in their strategic supply chain decisions,” said TAC Index Managing Director John Peyton Burnett. “We are thrilled to partner with PROS to directly deliver this intelligence to companies—from air cargo carriers to shippers to their customers, the manufacturers—so they can make agile business decisions quickly without sacrificing business priorities and objectives.”
TAC Freight data will feed seamlessly into the PROS Platform, including PROS Smart Price Optimization and Management and PROS Smart Configure Price Quote, allowing customers to track air cargo price volatility and seamlessly update prices across all channels to ensure their prices are optimized to maintain profit margin while remaining competitive.
“As the supply chain crisis persists, carriers, forwarders, and manufacturers that can leverage the greater visibility into market data by fueling AI algorithms to optimize rates, especially in times of extreme market volatility, will be more agile and better able to manage prices proactively, supporting revenue optimization and margin,” said PROS Regional Vice President of Transportation and Logistics Zeke Ziliak. “We are excited to be the first in the industry to use these data via TAC Index to help our customers optimize air cargo rates and execute the best pricing strategies quickly and at scale.”
About TAC Index
TAC Index is the leading publisher of current general air cargo pricing indices globally. TAC also acts as the Calculating Agent for the BAI air cargo indices, and as a strategic partner with Spire Global for the live tracking of air cargo capacity utilization data. TAC freight data is fully audited, antitrust and financial market compliant, with the company's data sets offering critical performance benchmarking and risk management tools to interested parties. You can learn more about TAC Index at www.tacindex.com.
PROS Holdings, Inc. (NYSE: PRO) is a market-leading provider of SaaS solutions that optimize shopping and selling experiences. Built on the PROS Platform, these intelligent solutions leverage business AI, intuitive user experiences and process automation to deliver frictionless, personalized purchasing experiences designed to meet the real-time demands of today’s B2B and B2C omnichannel shoppers, regardless of industry. To learn more, visit www.pros.com.
This press release contains forward-looking statements, including statements about the functionality and benefits of SaaS shopping and selling optimization solutions to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with AI-powered solutions and its current expectations of the benefits of SaaS shopping and selling optimization solutions for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s SaaS shopping and selling optimization solution needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of SaaS shopping and selling optimization solutions such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.
1 Expect continued volatility in airfreight market, Supply Chain Quarterly